Qantas Airways CEO Alan Joyce steps down amid ticket scandal, regulatory scrutiny
livemint.com₹1,340 crore) is being sought if the allegations hold up in court. Joyce, who served at the helm for 15 years, stated that the recent focus on the airline and past incidents convinced him that it was time for the company to prioritise its rejuvenation.
“In the last few weeks, the focus on Qantas and events of the past make it clear to me that the company needs to move ahead with its renewal as a priority," Bloomberg quoted Joyce as stating. Under his leadership, Qantas had seen record-breaking profits, a fact that has only intensified public ire over the current scandal.
Rob Marcolina will be filling in the shoes of Vanessa Hudson as the new CFO of Qantas, as per the September 5 announcement. The airline's shares showed a marginal rise of 0.5% in early Sydney trading on the day the news broke.
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